USD Covered Bond - COBO USD Covered Bond

ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.

  • Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
  • Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
  • Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.

Fund Snapshot

Ticker COBO
Intraday Ticker COBO.IV
CUSIP 74348A749
Inception Date 5/21/12
Expense Ratio * 0.35%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly

* With Contractual Waiver ending 9/30/17.

Fund Country Weightings as of 1/13/17

CANADA 39.32%
AUSTRALIA 35.35%
NORWAY 9.67%
SWEDEN 7.91%
NETHERLANDS 4.63%
GERMANY 3.11%

Fund SEC Yields as of 12/31/16

SEC 30-Day Yield 1.72%
SEC 30-Day Yield (Unsubsidized) 0.01%

Fund Characteristics as of 11/30/16

Distribution Yield 1.52%
12-Month Yield 1.56%
Weighted Average Yield to Maturity 2.04%
Modified Duration 2.80

Price Information as of 1/13/17

NAV $100.49
NAV Change -$0.08
Market Price Closing $101.23
Market Price Closing Change $0.00
Daily Trading Volume 53